Loans

MMCC Arranges $6M Loan for Refinancing of Dayton Children’s Behavioral Health Center in Ohio

by Kristin Harlow May 12, 2025

DAYTON, OHIO — Marcus & Millichap Capital Corp. (MMCC) has arranged a $6 million loan for the refinancing of Dayton Children’s Behavioral Health Center, a medical office facility located at 5501 Far Hills Ave. in Dayton. Dan Litman of MMCC arranged the financing with a regional bank on behalf of a local, privately held construction and real estate development company. The nonrecourse loan features a nine-year term, 75 percent loan-to-value ratio, 5.73 percent interest rate and 20-year amortization period. Dayton Children’s is a pediatric acute children’s teaching hospital with locations throughout Ohio. The newly completed facility on Far Hills Avenue offers developmental rehab and speech therapy, imaging and lab work, and pediatric primary care services.

May 12, 2025

Loans Multifamily Southeast Virginia

Berkadia Secures $129M Refinancing for Amberleigh Apartments in Fairfax, Virginia

by John Nelson May 12, 2025

FAIRFAX, VA. — Berkadia has secured $129 million for the refinancing of Amberleigh Apartments, a 752-unit multifamily community located in the Washington, D.C., suburb of Fairfax. Patrick McGlohn, Brian Gould, Miles Drinkwalter and Natalie Hershey of Berkadia arranged the financing on behalf of the locally based borrower, Redbrick LMD, which comprised a $113.8 million Freddie Mac loan and a $15.6 million preferred equity investment from an undisclosed source. Situated near the Dunn Loring-Merrifield Metro Station and adjacent to Inova Fairfax Hospital, Amberleigh Apartments features one-, two- and three-bedroom floorplans ranging in size from 861 square feet to 1,523 square feet, according to Apartments.com. Amenities at the property include a fitness center, sundeck, courtyard, swimming pool, clubhouse, conference room, playground and outdoor grilling stations and picnic areas.

May 12, 2025

Healthcare Loans Massachusetts Northeast

Cushman & Wakefield Arranges Refinancing of 35,000 SF Medical Office Building in Cohasset, Massachusetts

by Taylor Williams May 12, 2025

COHASSET, MASS. — Cushman & Wakefield has arranged a loan of an undisclosed amount for the refinancing of a 35,000-square-foot outpatient medical office building in Cohasset, a southeastern suburb of Boston. The three-story building is known as Cohasset Family Health Center. Tyler Morss of Cushman & Wakefield arranged the loan through an undisclosed bank on behalf of the owner, regional owner-operator Thomas Park Investments.

May 12, 2025

Development Loans Multifamily Texas

Colliers Mortgage Provides $55.9M HUD-Insured Loan for Denton Multifamily Project

by Taylor Williams May 9, 2025

DENTON, TEXAS — Colliers Mortgage has provided a $55.9 million HUD-insured loan for the construction of Millennium Crest, a 245-unit multifamily project that will be located in the North Texas city of Denton. The property will offer 20 studios, 155 one-bedroom units and 70 two-bedroom units. Amenities will include a clubhouse, fitness center, pool, rooftop lounge and a dog park. Kevin Gould of Colliers Mortgage originated the debt, which carries a 40-year term and amortization schedule, on behalf of the developer, an entity doing business as Millennium Crest LP.

May 9, 2025

Georgia Loans Multifamily Southeast

BWE Provides $32.3M HUD-Insured Loan to Refinance Greystone at Mulberry Grove Apartments in Fortson, Georgia

by John Nelson May 9, 2025

FORTSON, GA. — BWE has provided a $32.3 million HUD 223(f) loan to refinance Greystone at Mulberry Grove, a 222-unit multifamily development located in Fortson, roughly 11 miles north of Columbus. Paul Harbor, Caleb Carter, Libby Davis and Maria Sealy of BWE’s Birmingham office originated the loan on behalf of the borrower, a Georgia-based developer. The HUD loan features a 35-year term and amortization schedule with a debt service coverage ratio of 1.15. The transaction represents BWE’s 10th closed deal with the undisclosed client. Situated at 4849 GA Highway 315, Greystone at Mulberry Grove comprises 22 residential buildings that feature one-, two- and three-bedroom floorplans. Unit sizes of the apartments range from 984 square feet to 1,728 square feet, according to Apartments.com. Amenities include a clubhouse and leasing office, fitness center, laundry room, package room, media room, billiard room, business center, demonstration kitchen, swimming pool with a sundeck, outdoor pavilion with a kitchen, car wash, dog park and spa, bike racks and a community garden.

May 9, 2025

Singing-Bridge-Residences-Chicopee-Massachusetts

Development Loans Massachusetts Multifamily Northeast

MassHousing Provides $37.3M in Financing for Affordable Housing Project in Chicopee, Massachusetts

by Taylor Williams May 8, 2025

CHICOPEE, MASS. — MassHousing has provided $37.3 million in financing for Singing Bridge Residences, a 105-unit affordable housing project in Chicopee, located near the Massachusetts-New York border. The borrower, a joint venture between Sydney Capital Group LLC and Brisa Builders Development, will develop the complex on a four-acre, riverfront site at 400 Main St. that was previously owned by the city. Other portions of the site will be developed separately to feature a sports complex, brewery and an office building. The unit mix will consist of 16 studios, 21 one-bedroom apartments, 57 two-bedroom residences and 11 three-bedroom apartments and will feature a range of income restrictions. Paul A. Castrucci Architects is designing Singing Bridge Residences, and Western Builders is serving as the general contractor. Completion is slated for summer 2027.

May 8, 2025

Industrial Loans Northeast Pennsylvania

Cushman & Wakefield Arranges $34M Loan for Refinancing of Metro Philadelphia Industrial Facility

by Taylor Williams May 8, 2025

TINICUM TOWNSHIP, PA. — Cushman & Wakefield has arranged a $34 million loan for the refinancing of Airport Logistics Center, a 627,252-square-foot industrial facility located within the Philadelphia metro area. The property, which was 83 percent leased to 20 tenants at the time of the loan closing, consists of four buildings with clear heights ranging from 30 to 65 feet and three acres of outdoor storage space. John Alascio, Chuck Kohaut and Meredith Donovan of Cushman & Wakefield arranged the loan through private equity firm Blue Owl Capital on behalf of the borrower, a partnership between Ivy Realty and institutional investment firm Lubert-Adler.

May 8, 2025

Industrial Loans Northeast Pennsylvania Self-Storage

Newmark Arranges $125M Loan for Refinancing of Regional Self-Storage Portfolio

by Taylor Williams May 7, 2025

DALLAS — Newmark has arranged a $125 million loan for the refinancing of a portfolio of 19 self-storage properties that are primarily (13 facilities) located in Pennsylvania. The other six properties are scattered across Maryland, New Jersey, Indiana and Kentucky. Collectively, the portfolio totals roughly1.2 million net rentable square feet of space across nearly 10,000 units and has maintained an average occupancy rate of 91 percent over the past decade. Jonathan Firestone, Jordan Roeschlaub, Nick Scribani, Clint Frease, John Caraviello, Aaron Swerdlin and Andrew Warin of Newmark arranged the fixed-rate loan on behalf of the borrower, Dallas-based Rosewood Property Co. PGIM Real Estate provided the debt.

May 7, 2025

Florida Loans Louisiana South Carolina Southeast Student Housing

JLL Secures Refinancings for Three Southeast Student Housing Communities Totaling $134.9M

by John Nelson May 6, 2025

TAMPA, FLA. — JLL Capital Markets has secured refinancings totaling a combined $134.9 million for three student housing communities across the Southeast. Lee Weaver, Melissa Marcolini Quinn, Rob Rothaug and Jade Starkey of JLL worked on behalf of Commercial Street Partners to secure a $97.5 million refinancing for Apella on Newport in Tampa. The three-year, floating-rate loan was placed through MF1/Limekiln Real Estate Investment Management. The newly constructed community spans 195,076 square feet at 311 North Newport Ave. near the University of Tampa campus. The property offers 576 beds across 150 fully furnished units in two-, three-, four- and six-bedroom configurations. Shared amenities include a rooftop pool, fitness center, study lounges and secured garage parking. Weaver and Quinn, along with Kenny Cutler, Rob Rothaug and Cristian Sieman of JLL, also secured a $22 million refinancing for Preserve at Tech near Louisiana Tech University in Ruston, La. Prime Finance provided the two-year, floating-rate loan to borrower RISE: A Real Estate Co. Completed in 2021 at 1913 West Alabama Ave., the community offers 588 beds across 168 units in three- and four-bedroom configurations. Shared amenities include a resort-style pool, 24-hour clubhouse, computer lab, fitness center and a gaming lounge. JLL also worked on …

May 6, 2025

Development Loans New York Northeast

SCALE Lending Provides $166M Construction Loan for Brooklyn Multifamily Project

by Taylor Williams May 6, 2025

NEW YORK CITY — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $166 million construction loan for a 367-unit multifamily project that will be located at 280 Bergen St. in the Boreum Hill area of Brooklyn. Designed by Fischer Rasmussen Whitfield Architects, the four-building development will consist of three 11-story buildings and one 12-story building in addition to 9,700 square feet of commercial space and 40 parking spaces. Residences will come in studio, one- and two-bedroom floor plans, and amenities will include a fitness center with a yoga studio, theater, game room, lounge and a children’s playroom. Galaxy Capital arranged the 30-month loan on behalf of the borrower, locally based developer Goose Property Management. Construction is expected to last about 28 months.

May 6, 2025

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